Depreciation of plant and machinery is apportioned on the basis of:

Related MCQs

• Rent and other building expenses may be apportioned to various departments on the basis of
• Lighting expenses are apportioned on the basis of: -
• Under integral system, the accounting entry for recording depreciation charges on machinery will be
• Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the …………..
• Material costs which cannot be allocated but which are to be apportioned or absorbed by cost centres or cost units.
• Which of the following items should be included in a cash budget? (i) Loan repayments (ii) depreciation charges (iii) tax provision (iv) wages paid
• Depreciation is…………………expenditure.
• If the present cost of the car is Rs.1,00,000 residual value at the end of the 5th year is Rs.20,000, the monthly depreciation is…………
• Depreciation of office equipments is an example of:
• ABC Ltd. has prepared the cash budget for the year 2014-2015 and provided the following information pertaining to sales value : Month Rs. April 2014 2,50,000 May 2014 2,80,000 June 2014 3,20,000 July 2014 3,50,000 20% of the monthly sales are expected to be on cash basis. 60% of the credit sales are expected to be realised in the month following the month of sales and remaining 40% are expected to be realized in the second month following the month of sale. The estimated cash receipts in the month of June 2014 are: